Intelsat selected by Solar Impulse for first round-the-wold solar flightIntelsat and ITC Global, provider of satellite communications to remote and harsh environments, will provide ground-to-ground satellite communication services to Solar Impulse during its first round-the-world solar flight. The Round-the-World Mission Flights will take place over five months from the beginning of March to the end of July 2015. Abu Dhabi will be the departing and landing destination.

Intelsat downgraded to Underweight from Neutral at JPMorganJPMorgan downgraded Intelsat to Underweight with a $12 price target citing the company's weaker than expected 2015 guidance and its belief 2016 revenue is likely to decline. Shares were also downgraded this morning at UBS.

Intelsat downgraded to Neutral from Buy at UBSUBS downgraded Intelsat citing a lack of catalysts over the next 12 months and the company's high leverage following its Q4 results. UBS believes trends need to improve before shares outperform and cut its price target for the stock to $17 from $23.

Intelsat sees FY15 revenue $2.33B-$2.38B, consensus $2.45BRevenue performance reflects: "Growth of 2-3% in our media business, which will benefit from new capacity that entered service in late 2014; a decline in our network services business of 7-10%, which faces competitive pressures in Africa and on-going declines in the legacy channel and international trunking business; and a decline in our government business of 8-12% as compared to full year 2014, as a result of challenges due to reduced spending by the U.S. government and troop withdrawals." Intelsatís 2015 revenue guidance reflects the impacts noted above as well as the impact from no new capacity expected to be placed into service in 2015. Sees FY15 adjusted EBITDA $1.81B-$1.86B, CapEx $775M-$850M. Sees FY16 CapEx $625M-$700M, FY17 CapEx $725M-$825M. Capital expenditure guidance for 2015 through 2017 assumes investment in twelve satellites in the manufacturing or design phase during the Guidance Period. In addition, a custom payload is being built for the company on a third-party satellite which will not require capital expenditure.